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Income Protection Insurance Market Size, Share 2023
| Market size in 2022 |
US$ 44340 million
|
Forecast Market size by 2029 |
US$ 53700 million
|
| Growth Rate |
CAGR of 2.8% |
Number of Pages |
62 Pages |
Income Protection Insurance (IPI) is an insurance policy, paying benefits to policyholders who are incapacitated and hence unable to work due to illness or accident.
This report aims to provide a comprehensive presentation of the global market for Income Protection Insurance, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Income Protection Insurance. This report contains market size and forecasts of Income Protection Insurance in global, including the following market information:
Global Income Protection Insurance Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Income Protection Insurance market was valued at US$ 44340 million in 2022 and is projected to reach US$ 53700 million by 2029, at a CAGR of 2.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The main global Income Protection Insurance players include Generali, Allianz, AXA, AIG Life, etc. The top four Income Protection Insurance players account for approximately 20% of the total market. The UK is the largest consumer market for Income Protection Insurance, accounting for about 12%, followed by France and Italy. In terms of type, Long Term Income Protection Insurance is the largest segment, with a share over 70%. And in terms of application, the largest application is Men, followed by Women.
We surveyed the Income Protection Insurance companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Income Protection Insurance Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Income Protection Insurance Market Segment Percentages, by Type, 2022 (%)
Short Term Income Protection Insurance
Long Term Income Protection Insurance
Global Income Protection Insurance Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Income Protection Insurance Market Segment Percentages, by Application, 2022 (%)
Men
Women
Global Income Protection Insurance Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Income Protection Insurance Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Income Protection Insurance revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Income Protection Insurance revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Aviva
Legal & General
Fidelity Life
Royal London
VitalityLife
Generali
Allianz
AXA
LV= Liverpool Victoria
AIG Life
Outline of Major Chapters:
Chapter 1: Introduces the definition of Income Protection Insurance, market overview.
Chapter 2: Global Income Protection Insurance market size in revenue.
Chapter 3: Detailed analysis of Income Protection Insurance company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Income Protection Insurance in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
| Report Attributes |
Report Details |
| Report Title |
Income Protection Insurance Market, Global Outlook and Forecast 2023-2029 |
| Market size in 2022 |
US$ 44340 million
|
| Forecast Market size by 2029 |
US$ 53700 million
|
| Growth Rate |
CAGR of 2.8% |
| Historical Year |
2018 to 2022 (Data from 2010 can be provided as per availability) |
| Base Year |
2022 |
| Forecast Year |
2030 |
| Number of Pages |
62 Pages |
| Customization Available |
Yes, the report can be customized as per your need. |
TABLE OF CONTENTS
1 Introduction to Research & Analysis Reports
1.1 Income Protection Insurance Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Income Protection Insurance Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Income Protection Insurance Overall Market Size
2.1 Global Income Protection Insurance Market Size: 2022 VS 2029
2.2 Global Income Protection Insurance Market Size, Prospects & Forecasts: 2018-2029
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top Income Protection Insurance Players in Global Market
3.2 Top Global Income Protection Insurance Companies Ranked by Revenue
3.3 Global Income Protection Insurance Revenue by Companies
3.4 Top 3 and Top 5 Income Protection Insurance Companies in Global Market, by Revenue in 2022
3.5 Global Companies Income Protection Insurance Product Type
3.6 Tier 1, Tier 2 and Tier 3 Income Protection Insurance Players in Global Market
3.6.1 List of Global Tier 1 Income Protection Insurance Companies
3.6.2 List of Global Tier 2 and Tier 3 Income Protection Insurance Companies
4 Market Sights by Product
4.1 Overview
4.1.1 By Type - Global Income Protection Insurance Market Size Markets, 2022 & 2029
4.1.2 Short Term Income Protection Insurance
4.1.3 Long Term Income Protection Insurance
4.2 By Type - Global Income Protection Insurance Revenue & Forecasts
4.2.1 By Type - Global Income Protection Insurance Revenue, 2018-2023
4.2.2 By Type - Global Income Protection Insurance Revenue, 2024-2029
4.2.3 By Type - Global Income Protection Insurance Revenue Market Share, 2018-2029
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global Income Protection Insurance Market Size, 2022 & 2029
5.1.2 Men
5.1.3 Women
5.2 By Application - Global Income Protection Insurance Revenue & Forecasts
5.2.1 By Application - Global Income Protection Insurance Revenue, 2018-2023
5.2.2 By Application - Global Income Protection Insurance Revenue, 2024-2029
5.2.3 By Application - Global Income Protection Insurance Revenue Market Share, 2018-2029
6 Sights by Region
6.1 By Region - Global Income Protection Insurance Market Size, 2022 & 2029
6.2 By Region - Global Income Protection Insurance Revenue & Forecasts
6.2.1 By Region - Global Income Protection Insurance Revenue, 2018-2023
6.2.2 By Region - Global Income Protection Insurance Revenue, 2024-2029
6.2.3 By Region - Global Income Protection Insurance Revenue Market Share, 2018-2029
6.3 North America
6.3.1 By Country - North America Income Protection Insurance Revenue, 2018-2029
6.3.2 US Income Protection Insurance Market Size, 2018-2029
6.3.3 Canada Income Protection Insurance Market Size, 2018-2029
6.3.4 Mexico Income Protection Insurance Market Size, 2018-2029
6.4 Europe
6.4.1 By Country - Europe Income Protection Insurance Revenue, 2018-2029
6.4.2 Germany Income Protection Insurance Market Size, 2018-2029
6.4.3 France Income Protection Insurance Market Size, 2018-2029
6.4.4 U.K. Income Protection Insurance Market Size, 2018-2029
6.4.5 Italy Income Protection Insurance Market Size, 2018-2029
6.4.6 Russia Income Protection Insurance Market Size, 2018-2029
6.4.7 Nordic Countries Income Protection Insurance Market Size, 2018-2029
6.4.8 Benelux Income Protection Insurance Market Size, 2018-2029
6.5 Asia
6.5.1 By Region - Asia Income Protection Insurance Revenue, 2018-2029
6.5.2 China Income Protection Insurance Market Size, 2018-2029
6.5.3 Japan Income Protection Insurance Market Size, 2018-2029
6.5.4 South Korea Income Protection Insurance Market Size, 2018-2029
6.5.5 Southeast Asia Income Protection Insurance Market Size, 2018-2029
6.5.6 India Income Protection Insurance Market Size, 2018-2029
6.6 South America
6.6.1 By Country - South America Income Protection Insurance Revenue, 2018-2029
6.6.2 Brazil Income Protection Insurance Market Size, 2018-2029
6.6.3 Argentina Income Protection Insurance Market Size, 2018-2029
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa Income Protection Insurance Revenue, 2018-2029
6.7.2 Turkey Income Protection Insurance Market Size, 2018-2029
6.7.3 Israel Income Protection Insurance Market Size, 2018-2029
6.7.4 Saudi Arabia Income Protection Insurance Market Size, 2018-2029
6.7.5 UAE Income Protection Insurance Market Size, 2018-2029
7 Income Protection Insurance Companies Profiles
7.1 Aviva
7.1.1 Aviva Company Summary
7.1.2 Aviva Business Overview
7.1.3 Aviva Income Protection Insurance Major Product Offerings
7.1.4 Aviva Income Protection Insurance Revenue in Global Market (2018-2023)
7.1.5 Aviva Key News & Latest Developments
7.2 Legal & General
7.2.1 Legal & General Company Summary
7.2.2 Legal & General Business Overview
7.2.3 Legal & General Income Protection Insurance Major Product Offerings
7.2.4 Legal & General Income Protection Insurance Revenue in Global Market (2018-2023)
7.2.5 Legal & General Key News & Latest Developments
7.3 Fidelity Life
7.3.1 Fidelity Life Company Summary
7.3.2 Fidelity Life Business Overview
7.3.3 Fidelity Life Income Protection Insurance Major Product Offerings
7.3.4 Fidelity Life Income Protection Insurance Revenue in Global Market (2018-2023)
7.3.5 Fidelity Life Key News & Latest Developments
7.4 Royal London
7.4.1 Royal London Company Summary
7.4.2 Royal London Business Overview
7.4.3 Royal London Income Protection Insurance Major Product Offerings
7.4.4 Royal London Income Protection Insurance Revenue in Global Market (2018-2023)
7.4.5 Royal London Key News & Latest Developments
7.5 VitalityLife
7.5.1 VitalityLife Company Summary
7.5.2 VitalityLife Business Overview
7.5.3 VitalityLife Income Protection Insurance Major Product Offerings
7.5.4 VitalityLife Income Protection Insurance Revenue in Global Market (2018-2023)
7.5.5 VitalityLife Key News & Latest Developments
7.6 Generali
7.6.1 Generali Company Summary
7.6.2 Generali Business Overview
7.6.3 Generali Income Protection Insurance Major Product Offerings
7.6.4 Generali Income Protection Insurance Revenue in Global Market (2018-2023)
7.6.5 Generali Key News & Latest Developments
7.7 Allianz
7.7.1 Allianz Company Summary
7.7.2 Allianz Business Overview
7.7.3 Allianz Income Protection Insurance Major Product Offerings
7.7.4 Allianz Income Protection Insurance Revenue in Global Market (2018-2023)
7.7.5 Allianz Key News & Latest Developments
7.8 AXA
7.8.1 AXA Company Summary
7.8.2 AXA Business Overview
7.8.3 AXA Income Protection Insurance Major Product Offerings
7.8.4 AXA Income Protection Insurance Revenue in Global Market (2018-2023)
7.8.5 AXA Key News & Latest Developments
7.9 LV= Liverpool Victoria
7.9.1 LV= Liverpool Victoria Company Summary
7.9.2 LV= Liverpool Victoria Business Overview
7.9.3 LV= Liverpool Victoria Income Protection Insurance Major Product Offerings
7.9.4 LV= Liverpool Victoria Income Protection Insurance Revenue in Global Market (2018-2023)
7.9.5 LV= Liverpool Victoria Key News & Latest Developments
7.10 AIG Life
7.10.1 AIG Life Company Summary
7.10.2 AIG Life Business Overview
7.10.3 AIG Life Income Protection Insurance Major Product Offerings
7.10.4 AIG Life Income Protection Insurance Revenue in Global Market (2018-2023)
7.10.5 AIG Life Key News & Latest Developments
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
LIST OF TABLES & FIGURES
List of Tables
Table 1. Income Protection Insurance Market Opportunities & Trends in Global Market
Table 2. Income Protection Insurance Market Drivers in Global Market
Table 3. Income Protection Insurance Market Restraints in Global Market
Table 4. Key Players of Income Protection Insurance in Global Market
Table 5. Top Income Protection Insurance Players in Global Market, Ranking by Revenue (2022)
Table 6. Global Income Protection Insurance Revenue by Companies, (US$, Mn), 2018-2023
Table 7. Global Income Protection Insurance Revenue Share by Companies, 2018-2023
Table 8. Global Companies Income Protection Insurance Product Type
Table 9. List of Global Tier 1 Income Protection Insurance Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Income Protection Insurance Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 11. By Type ? Global Income Protection Insurance Revenue, (US$, Mn), 2022 & 2029
Table 12. By Type - Income Protection Insurance Revenue in Global (US$, Mn), 2018-2023
Table 13. By Type - Income Protection Insurance Revenue in Global (US$, Mn), 2024-2029
Table 14. By Application ? Global Income Protection Insurance Revenue, (US$, Mn), 2022 & 2029
Table 15. By Application - Income Protection Insurance Revenue in Global (US$, Mn), 2018-2023
Table 16. By Application - Income Protection Insurance Revenue in Global (US$, Mn), 2024-2029
Table 17. By Region ? Global Income Protection Insurance Revenue, (US$, Mn), 2022 & 2029
Table 18. By Region - Global Income Protection Insurance Revenue (US$, Mn), 2018-2023
Table 19. By Region - Global Income Protection Insurance Revenue (US$, Mn), 2024-2029
Table 20. By Country - North America Income Protection Insurance Revenue, (US$, Mn), 2018-2023
Table 21. By Country - North America Income Protection Insurance Revenue, (US$, Mn), 2024-2029
Table 22. By Country - Europe Income Protection Insurance Revenue, (US$, Mn), 2018-2023
Table 23. By Country - Europe Income Protection Insurance Revenue, (US$, Mn), 2024-2029
Table 24. By Region - Asia Income Protection Insurance Revenue, (US$, Mn), 2018-2023
Table 25. By Region - Asia Income Protection Insurance Revenue, (US$, Mn), 2024-2029
Table 26. By Country - South America Income Protection Insurance Revenue, (US$, Mn), 2018-2023
Table 27. By Country - South America Income Protection Insurance Revenue, (US$, Mn), 2024-2029
Table 28. By Country - Middle East & Africa Income Protection Insurance Revenue, (US$, Mn), 2018-2023
Table 29. By Country - Middle East & Africa Income Protection Insurance Revenue, (US$, Mn), 2024-2029
Table 30. Aviva Company Summary
Table 31. Aviva Income Protection Insurance Product Offerings
Table 32. Aviva Income Protection Insurance Revenue (US$, Mn) & (2018-2023)
Table 33. Aviva Key News & Latest Developments
Table 34. Legal & General Company Summary
Table 35. Legal & General Income Protection Insurance Product Offerings
Table 36. Legal & General Income Protection Insurance Revenue (US$, Mn) & (2018-2023)
Table 37. Legal & General Key News & Latest Developments
Table 38. Fidelity Life Company Summary
Table 39. Fidelity Life Income Protection Insurance Product Offerings
Table 40. Fidelity Life Income Protection Insurance Revenue (US$, Mn) & (2018-2023)
Table 41. Fidelity Life Key News & Latest Developments
Table 42. Royal London Company Summary
Table 43. Royal London Income Protection Insurance Product Offerings
Table 44. Royal London Income Protection Insurance Revenue (US$, Mn) & (2018-2023)
Table 45. Royal London Key News & Latest Developments
Table 46. VitalityLife Company Summary
Table 47. VitalityLife Income Protection Insurance Product Offerings
Table 48. VitalityLife Income Protection Insurance Revenue (US$, Mn) & (2018-2023)
Table 49. VitalityLife Key News & Latest Developments
Table 50. Generali Company Summary
Table 51. Generali Income Protection Insurance Product Offerings
Table 52. Generali Income Protection Insurance Revenue (US$, Mn) & (2018-2023)
Table 53. Generali Key News & Latest Developments
Table 54. Allianz Company Summary
Table 55. Allianz Income Protection Insurance Product Offerings
Table 56. Allianz Income Protection Insurance Revenue (US$, Mn) & (2018-2023)
Table 57. Allianz Key News & Latest Developments
Table 58. AXA Company Summary
Table 59. AXA Income Protection Insurance Product Offerings
Table 60. AXA Income Protection Insurance Revenue (US$, Mn) & (2018-2023)
Table 61. AXA Key News & Latest Developments
Table 62. LV= Liverpool Victoria Company Summary
Table 63. LV= Liverpool Victoria Income Protection Insurance Product Offerings
Table 64. LV= Liverpool Victoria Income Protection Insurance Revenue (US$, Mn) & (2018-2023)
Table 65. LV= Liverpool Victoria Key News & Latest Developments
Table 66. AIG Life Company Summary
Table 67. AIG Life Income Protection Insurance Product Offerings
Table 68. AIG Life Income Protection Insurance Revenue (US$, Mn) & (2018-2023)
Table 69. AIG Life Key News & Latest Developments
List of Figures
Figure 1. Income Protection Insurance Segment by Type in 2022
Figure 2. Income Protection Insurance Segment by Application in 2022
Figure 3. Global Income Protection Insurance Market Overview: 2022
Figure 4. Key Caveats
Figure 5. Global Income Protection Insurance Market Size: 2022 VS 2029 (US$, Mn)
Figure 6. Global Income Protection Insurance Revenue, 2018-2029 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by Income Protection Insurance Revenue in 2022
Figure 8. By Type - Global Income Protection Insurance Revenue Market Share, 2018-2029
Figure 9. By Application - Global Income Protection Insurance Revenue Market Share, 2018-2029
Figure 10. By Type - Global Income Protection Insurance Revenue, (US$, Mn), 2022 & 2029
Figure 11. By Type - Global Income Protection Insurance Revenue Market Share, 2018-2029
Figure 12. By Application - Global Income Protection Insurance Revenue, (US$, Mn), 2022 & 2029
Figure 13. By Application - Global Income Protection Insurance Revenue Market Share, 2018-2029
Figure 14. By Region - Global Income Protection Insurance Revenue Market Share, 2018-2029
Figure 15. By Country - North America Income Protection Insurance Revenue Market Share, 2018-2029
Figure 16. US Income Protection Insurance Revenue, (US$, Mn), 2018-2029
Figure 17. Canada Income Protection Insurance Revenue, (US$, Mn), 2018-2029
Figure 18. Mexico Income Protection Insurance Revenue, (US$, Mn), 2018-2029
Figure 19. By Country - Europe Income Protection Insurance Revenue Market Share, 2018-2029
Figure 20. Germany Income Protection Insurance Revenue, (US$, Mn), 2018-2029
Figure 21. France Income Protection Insurance Revenue, (US$, Mn), 2018-2029
Figure 22. U.K. Income Protection Insurance Revenue, (US$, Mn), 2018-2029
Figure 23. Italy Income Protection Insurance Revenue, (US$, Mn), 2018-2029
Figure 24. Russia Income Protection Insurance Revenue, (US$, Mn), 2018-2029
Figure 25. Nordic Countries Income Protection Insurance Revenue, (US$, Mn), 2018-2029
Figure 26. Benelux Income Protection Insurance Revenue, (US$, Mn), 2018-2029
Figure 27. By Region - Asia Income Protection Insurance Revenue Market Share, 2018-2029
Figure 28. China Income Protection Insurance Revenue, (US$, Mn), 2018-2029
Figure 29. Japan Income Protection Insurance Revenue, (US$, Mn), 2018-2029
Figure 30. South Korea Income Protection Insurance Revenue, (US$, Mn), 2018-2029
Figure 31. Southeast Asia Income Protection Insurance Revenue, (US$, Mn), 2018-2029
Figure 32. India Income Protection Insurance Revenue, (US$, Mn), 2018-2029
Figure 33. By Country - South America Income Protection Insurance Revenue Market Share, 2018-2029
Figure 34. Brazil Income Protection Insurance Revenue, (US$, Mn), 2018-2029
Figure 35. Argentina Income Protection Insurance Revenue, (US$, Mn), 2018-2029
Figure 36. By Country - Middle East & Africa Income Protection Insurance Revenue Market Share, 2018-2029
Figure 37. Turkey Income Protection Insurance Revenue, (US$, Mn), 2018-2029
Figure 38. Israel Income Protection Insurance Revenue, (US$, Mn), 2018-2029
Figure 39. Saudi Arabia Income Protection Insurance Revenue, (US$, Mn), 2018-2029
Figure 40. UAE Income Protection Insurance Revenue, (US$, Mn), 2018-2029
Figure 41. Aviva Income Protection Insurance Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 42. Legal & General Income Protection Insurance Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 43. Fidelity Life Income Protection Insurance Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 44. Royal London Income Protection Insurance Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 45. VitalityLife Income Protection Insurance Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 46. Generali Income Protection Insurance Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 47. Allianz Income Protection Insurance Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 48. AXA Income Protection Insurance Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 49. LV= Liverpool Victoria Income Protection Insurance Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 50. AIG Life Income Protection Insurance Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
